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Legal Management Consultant Deloitte

By November 9, 2022No Comments

A number of events can trigger the need for a transformation of the legal operating model: a merger, the appointment of a new CEO or general counsel, a cost challenge or a change in business strategy may require companies to reassess certain aspects of their legal functions. Deloitte Legal supports companies that want to change their legal business models, whether through a large-scale end-to-end transformation or a targeted assessment of a specific area. Our LMC specialists, some of whom are JDs and former lawyers, are strategic management consultants with extensive experience in corporate legal operations. We strive to help you compare your current legal department and find practical solutions to the challenges facing your department. Next, we`ll help you describe the steps and actions that can bring these solutions to life, and even help you execute them. Our range of services can help your business pave the way for value while disrupting opposition and competitors through innovation. Companies need their legal teams to meet the business requirements of the business, while at the same time, legal departments are increasingly being asked to do more with the same resources or less. Our procurement teams have in-depth knowledge of new legal sourcing strategies, such as collaborating with global or regional business panels, collaborating with alternative service providers, and leveraging technology. By applying this knowledge to our clients` specific objectives, Deloitte Legal helps organizations identify the efficient and effective alignment of tasks with the right resources, enabling a more flexible and effective legal function with the ability to refocus on strategic priorities.

CCs and legal teams can respond to the demands and opportunities they face and develop the business case for change. In most cases, this forces them to re-evaluate how best to support the organizations they serve. In addition to verifying the expert advice they provide, they should also consider how they provide it. This is what we call their operating model. This paper outlines Deloitte`s position on the key elements of the legal model and explains how it can be developed to adapt the legal function to the future and a rewarding workplace for esteemed individuals. Download the full white paper to learn more about how Legal Management Consulting can help your organization meet new regulatory requirements in a rapidly changing world. It is an attempt to integrate countless hours of management and consulting experience into a range of services and tools. LMC focuses on operating models, technology, labor sourcing and cost management. A new global offering to help corporate legal departments master the future A decade of accelerated economic, technological and regulatory disruption has challenged legal leaders to recognize the invisible interfaces between their business units and make decisions that will make waves in their organizations.

Our legal management consulting teams run labs to help clients reach their full potential. They apply a set of tested principles that combine behavioral science, analysis, technology, and moderation to break down barriers that hinder progress. Obstacles like groupthink, project entropy, change fatigue, scope drift and just about anything that can stop growth. An article entitled Legal management consulting already exists in Saved items LMC is a new approach and discipline developed by lawyers and other experts for lawyers. It is built on traditional management consulting, risk consulting as well as tax management consulting. LMC is a set of models, frameworks and systems that help in-house counsel manage their departments more efficiently and comprehensively to meet their business needs. It is an attempt to integrate countless hours of management and consulting experience into a range of services and tools. LMC focuses on operating models, technology, labor sourcing and cost management.

Is your company undergoing a major transformation, restructuring or merger and acquisition (M&A)? Are you facing major litigation or investigations? Or is the legal department challenged to do more with less? Deloitte`s Legal Management Consulting (LMC) team can help your legal department navigate an ever-changing business, legal and regulatory landscape. Our legal advice covers two key areas: the transformation of the legal department and the transformation of the contract and commercial management function. These combined practices have an in-depth insight into the intricacies of the day-to-day needs of the modern legal department, as well as the overall implications and opportunities throughout the contract lifecycle, including and beyond. Given the need for an in-house lawyer for rigor and process in legal functions, we decided to leverage our experience in the tax field and apply the TMC methodology to law firms. When we proposed this idea to lawyers, we discovered significant overlap and synergies. When we raised the possibility of CML in research and discussions with in-house counsel, the feedback was encouraging. Today`s global business landscape creates a compelling reason for legal departments to rethink their operating model, achieve greater efficiency, and increase the value they bring to the business. Find out how your legal department can be future-ready. Internal: Complexity of multiple operating sites in different jurisdictions, cost containment requirements that conflict with quality of service, and the need to better align with operational strategy while managing new risks in an ever-changing organization. Through the use of technology and process improvements, Deloitte Legal Management Consulting Services helps General Counsel increase the value of the services they provide, as well as the efficiency and effectiveness of legal and contractual functions. Deloitte`s Legal Management Consulting (LMC) services were developed by lawyers in collaboration with experts from all areas of Deloitte, such as consumer business consulting, risk management consulting and tax management consulting. LMC is a set of models, frameworks and systems designed to help in-house counsel manage their departments more effectively and meet their business needs.

Empowering the legal department to embrace digital transformation For many companies, legal risks are not clearly identified and assessed. This can lead to bottlenecks, forcing legal teams to extinguish fires instead of defining a risk management framework that develops strategies to prevent critical legal risks. Working closely with our clients` in-house legal experts, Deloitte Legal provides an up-to-date risk management assessment, gap analysis and roadmap they can follow to address that gap, including potential technology solutions. We use industry best practices and standards to help companies manage their legal risks in key areas, such as: Companies need their legal teams to keep pace with the company`s business needs, while at the same time, legal departments are increasingly being asked to do more with the same resources or less. Today`s Corporate General Counsel (GC) faces several challenges: a tight regulatory environment, massive globalization of business and accelerating technological advances. This leads to increased complexity and demand from the business, resulting in an unsustainable workload for existing in-house legal departments. Today`s business landscape creates a compelling reason for legal departments to rethink their operating model, achieve greater efficiency, and increase the value they bring to the business. Tom is a Director with over eleven years of experience in legal and compliance consulting and assurance, with a focus on the financial services industry. He has extensive experience del. The rise of technology has changed the way legal services are delivered. More than ever, proven and new digital tools can help teams ensure consistency and transparency across borders.

Technology can also help mitigate risk with increased efficiency and reliability, automate routine and repetitive tasks, free up the team for strategic priorities, and do more with less. Similar pressures have prompted other areas of the business, such as finance and accounting, to rethink their operations. Now it`s time for the legal department, and Deloitte can help. Depending on each client`s needs, we can plan and coordinate complete transformations of the legal operating model or smaller, targeted changes in specific areas. The internal and external factors driving change for organizations represent an opportunity for legal departments. Deloitte Legal assists clients in assessing and, if necessary, reconfiguring their internal legal processes. Our legal advisors support clients in the development of systematic, intuitive and efficient processes.